Posted by smeddum on March 18, 2009
Jim Willie on AIG (radio broadcast)
By MICHAEL HUDSON
It may seem odd, but the public outrage against $135 million in AIG bonuses is a godsend to Wall Street, AIG scoundrels included. How can the media be so preoccupied with the discovery that there is self-serving greed to be found in the financial sector? Every TV channel and every newspaper in the country, from right to left, have made these bonuses the lead story over the past two days. Read the rest of this entry »
Posted in Financial crisis | Tagged: AIg, AIG bonus diversion | 1 Comment »
Posted by smeddum on March 18, 2009
Just as a certain percentage of republicans refused to admit that rotten things were happening under the Bush administration, many democrats have fought to defend the Obama administration against charges of mishandling the response to the economic crisis. Read the rest of this entry »
Posted in Financial crisis | Tagged: AIg, Aig anger | Leave a Comment »
Posted by smeddum on September 18, 2008
The Scent of Fear
AIG’s Rotten Paper Could Bring the House Down
by WILLIAM GREIDER The Nation
September 17, 2008
For the first time in this unfolding financial crisis, I felt personally scared by the news. Not about my money, but about the potential for catastrophe. The Federal Reserve’s lightning rescue of AIG has the smell of systemic fear. The house of global finance is on fire and everyone is running for the exits, no sure way to turn them around. What’s next? The question itself is ominous, because there are no good answers. Read the rest of this entry »
Posted in Financial crisis | Tagged: AIg, Banks in crisis, failing banks | Leave a Comment »
Posted by seumasach on September 15, 2008
The crisis gripping the US financial markets shows no signs of ending after an unprecedented weekend of drama
Richard Adams
15th September, 2008
Has Wall Street ever seen a weekend like the one it has just been through? Perhaps, in the depths of the great depression – but nothing in recent memory, not even the collapse of the hedge fund LTCM 10 years ago, comes close to the drama and crisis that the US financial system is going through.
Posted in Financial crisis | Tagged: AIg, financial collapse | 1 Comment »
In These New Times 